Fashion wear brand Koutons Retail India has posted a net profit of Rs.314.375 million for the quarter ended March 31, 2010 as compared to Rs.358.266 million for the corresponding quarter a year ago. The total income for the quarter has increased to Rs.3,862.335 million from Rs.3,789.265 million for the corresponding quarter in the previous year.
For FY 2009-10, the company has posted a net profit of Rs.823.234 million as compared to Rs.795.571 million in the previous fiscal. Total income for the fiscal has also increased to Rs. 12,058.181 million from Rs.10,631.348 million last fiscal.
“We are targeting tier II and III cities for expansion and focusing on family stores for consolidation of existing stores,” says Balvinder Singh, president, Koutons Retail India.
Koutons currently has 1,360 stores in 500 cities of India, covering a total retail space of 13,23,020 sq.ft.
— IndiaRetailing Bureau